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    15720 Jackson Crk Pkwy Monument, CO 80132-7183
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    Property profile & analytics

    15720 Jackson Crk Pkwy, Monument, CO 80132-7183

    View on Map
    • Retail space
    • 7,000 SF
    • 0.85 lot acres
    Off-Market
    Property ID
    US13-0488103
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,280,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 15720 Jackson Crk Pkwy

    Year built
    2007
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.85 lot acres
    Zone code
    PUD
    Property type
    Retail space
    APN
    7125306001
    APU
    7125306001

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 3, 2008 $2,060,000 Ernst Luce California LLC Csk Auto INC Grant Deed —
    Jul 27, 2007 $650,000 Csk Auto INC Monument Market Place INC Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,670,000
      6.5%
      $1,540,000
      7%
      $1,430,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,645,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $1,935,000
      Change: +18% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $1,895,000
      Change: +15% Conversion: Difficult
      MEDICAL BUILDING
      $1,700,000
      Change: +3% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Monument
    County
    El Paso
    State
    Colorado
    Longitude
    -104.848
    Latitude
    39.0624
    CBSA code
    17820
    CBSA name
    COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $51,483
    $280,940
    $289,140
    $570,080
    -
    $1,006,971
    $1,036,356
    $2,043,327

    Comparable in this City

    • Value Estimation
      $3,385,000
      23,378 SF

      15821 Jackson Crk Pkwy

      RETAIL STORES (PERSONAL SERVICES)
      15821 Jackson Crk Pkwy, Monument, CO 80132
      View Details
    • Value Estimation by Request
      2,488 SF

      1430 Cipriani Loop

      RETAIL STORES (PERSONAL SERVICES)
      1430 Cipriani Loop, Monument, CO 80132-8621
      View Details
    • Value Estimation
      $575,000
      918 SF

      252 Frnt St

      RETAIL STORES (PERSONAL SERVICES)
      252 Frnt St, Monument, CO 80132-9136
      View Details
    • Value Estimation by Request
      1,105 SF

      175 2nd St

      RETAIL STORES (PERSONAL SERVICES)
      175 2nd St, Monument, CO 80132
      View Details
    • Value Estimation
      $575,000
      3,450 SF

      243 Washington St

      RETAIL STORES (PERSONAL SERVICES)
      243 Washington St, Monument, CO 80132-9174
      View Details
    • Value Estimation
      $980,000
      6,288 SF

      351 Hwy 105

      RETAIL STORES (PERSONAL SERVICES)
      351 Hwy 105, Monument, CO 80132-9126
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      Retail Pad Site For Sale

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      49,320 SF

      Retail or Land Opportunity

      Retail property or land available for sale or lease.
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    Similar Nearby for Lease

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      3,214 SF

      Safeway Anchored Retail Space

      Retail space in Safeway-anchored center with ample parking.
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      Retail Space in Monument Marketplace

      Stabilized strip center in premier retail shopping district.
      15932 Jackson Creek Pkwy, Monument, CO 80132
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      550 SF

      Retail Space in Monument

      Retail space with high visibility and easy access.
      481 Highway 105 W, Colorado Springs, CO 80132
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      1,129 SF

      Retail Space in Jackson Creek

      Retail space available within the Village at Jackson Creek Development.
      16577 Cinematic Vw, Monument, CO 80132
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    • Contact for pricing
      1,400 SF

      Retail Space in Colorado Springs

      Retail space available in established Colorado Springs neighborhood center.
      1070 W Baptist Rd, Colorado Springs, CO 80132
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease.
      15866 Jackson Creek Pkwy, Monument, CO 80132
      View Details
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    Monument, CO 80132-7183
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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